CAPS project started in 2016 - delivering better financial awareness and stability for responsible banking and finance, and open democracy in the EU
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31.12.2004: 1983 Economics Nobel-laurete Gérard Debreu, known for his rigorous reformulation of general equilibrium theory, died
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30.12.2008, the Case-Shiller home price index reported its largest price drop in its history (United States housing bubble)
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Quote of the day: ‘The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new w...
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26.12.1940, 2004 Economics Nobel-laureate Edward C. Prescott, known for his influential work in macroeconomics and business cycles, was born.
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25.12.1991: Mikhail Gorbachev, the Soviet Union’s first and last executive president, resigns. The Soviet Union no longer exsists.
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22.12.1995, 1977 Economics Nobel-laureate James Meade, known for his work on international trade and international capital movements, died.
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21.12.1898: French scientists Pierre and Marie Curie discovered 2 new elements that they later named radium and polonium.
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19.12.1909: The UN General Assembly adopted Resolutions 1714 (XVI) for the formation of its World Food Program (WFP).
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18.12.1951: 2012 Economics Nobel-laureate Alvin Roth, known for his eminent contributions in game theory and experimental economics, is born.
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17.12 Insurance and finance company Conseco Incorporated filed for Chapter Eleven protection in the third-largest bankruptcy in U.S. history
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16.12.1773, Boston tea party incident - Sons of Liberty protesters throw tea shipments into Boston harbour in protest against British imposed Tea Act.
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15.12.1978: Cleveland became the first major US city since the Great Depression to default on its loans.
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13.12.2009, 1989 Economics Nobel-laureate Trygve Haavelmo, known for pioneering work in probablity theory and econometrics, was born.
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12.12.1950: 2007 Economics Nobel-laureate Eric Maskin, the person who laid the foundations of mechansim sesign theory, was born.
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